Stitchcrew Inc

Analysis

Stitchcrew Inc is a registered charity in United States, based in Oklahoma City, OK. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stitchcrew Inc reported income of $1.1m and spending of $680k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $221k to $1.1m (+395%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Stitchcrew Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within OK. Charities of a similar size with the same main cause include Circle Tail Inc ($1.1m), International Institute of Metropolitan Detroit Inc ($1.1m) and Harvest Home Farmers Market Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $255k (38% of expenses). Other salaries and wages came to $8,667. At year end it held assets of $640k against liabilities of $0, net assets of $640k. It reported 3 employees.